72 Eleventh Avenue, Millfield NSW 2325
72 Eleventh Avenue, Millfield NSW 2325
Vacant acreage with DA approved | Town water connected | Fully fenced | Semi-rural lifestyle | Custom build opportunity
This property offers a rare combination of ready-to-build status and substantial land in a peaceful Hunter Valley township. The existing development approval removes a significant hurdle for buyers wanting a custom family home, while the 4,147 m² parcel provides genuine space for gardens, sheds, or a pool. Its fully fenced boundary and connected town water make it practically move-forward ready, appealing strongly to owner-occupiers seeking a tree-change or lifestyle shift. The unfinished shed adds further flexibility, whether completed as a workshop, studio, or adapted to suit the new home’s design. This suits buyers who value privacy, outdoor living, and the ability to shape their own residence rather than accepting a finished product.
The absence of a completed dwelling means the eventual value will hinge largely on the quality of the build and how well the new home integrates with the land’s natural features. The property’s size and semi-rural setting may limit appeal to investors or those seeking low-maintenance living, but for the right buyer, the development potential could justify a premium. Market conditions for large-block properties in this area may be less liquid than suburban housing, so resale timing could matter. Buyers should weigh the cost of construction against the finished value they expect to create, and consider how the shed’s condition might influence their budget.
|| Comparable Sales: 51 Eleventh Avenue at $630,000; 91 Eleventh Avenue around $520,000–$570,000 | Property Price Band: $600,000–$700,000 | Value Drivers: DA approval, land size, fencing and water connection
Detailed Independent Property Report prepared by PropCred Analyst team for 72 Eleventh Avenue, Millfield NSW 2325
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Millfield NSW 2325 is a low-turnover market, with 23–31 house sales annually and median days on market of 52–67 (56 days for four-bedroom homes). Median house prices are $835,000–$852,500, but annual growth figures conflict, ranging from -5.0% to +1.8%. A 7.0% gross rental yield on units signals investor demand, while weekly rents of $500–$600 for four-bedroom houses indicate potential owner-occupier interest. Local purchasing power is above regional norms, supporting demand. The key constraints are thin transaction volumes and an entry price near the upper edge of local affordability; absent supply and rate-sensitivity data, forward-growth visibility is limited.
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PropCred Estimated Value
Comparable Sales: 51 Eleventh Avenue at $630,000; 91 Eleventh Avenue around $520,000–$570,000 | Property Price Band: $600,000–$700,000 | Value Drivers: DA approval, land size, fencing and water connection
Bedrooms
4
Bathroom
3
Parking
2
Land
4000m²
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